Yesterday the Turks and Caicos Government froze the assets of David Smith and raided his home and place of business. Armed with a search warrant from the Supreme Court the
Financial Crimes Unit of the Government swooped into action, grabbing computers, files and other knick knacks as their investigation of him reaches an apparent climax. Radio Jamaica is reporting that in the end Smith could face criminal charges:
Radiojamaica.com... today's news... today | Said, Have, Olint, News, Could | OLINT’s boss could face criminal charges in Turks and Caicos - * RJR News understands that Head of OLINT Limit...
Worries are growing that the collapse of Olint could have repercussions across Jamaica as the investment scheme is said to have $600 million of Jamaican money tied up in it. Good Grief. Now we are at the point where forex hucksters can crash a nation’s entire economy?
Invest for Life has the full story:
Olint Assets Frozen(Story updated) « Real Investments For Life
On a Separate Note: Sources are telling me that the I Trade FX “David Smith $100 Bonus” promotion last winter lasted only a few days before it got shelved. I Trade FX should be releasing their official response to the NFA complaint in the next few weeks.
Stay Tuned…